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    For Sale - 45 Wellington Street, Hamilton, Ontario

    Est payment $12,005/mo
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    Views   1
    Time on Jump  52 day

    AI Summary *

    • Investment opportunity with 7 mixed-use units in a developing area.
    • Fully tenanted generating approximately $14,645/month in gross income.
    • Includes 5 residential and 2 commercial units for diverse revenue streams.
    • Extensive upgrades to HVAC, plumbing, electrical, and more enhance value.
    • Strategically located near transit and amenities for growth potential.




    Investment opportunity | 7 mixed-use units | 5. 62% cap rate | $175,740 scheduled annual gross income. 45 wellington street n presents a rare opportunity to acquire a fully converted, income-producing mixed-use property featuring 5 residential units, 2 commercial units and additional storage income, creating a diversified revenue stream in one of hamilton's rapidly evolving urban corridors. Fully tenanted, the property generates approximately $14,645/month in scheduled gross income, or $175,740 annually, and is offered at an attractive 5. 62% capitalization rate. Extensive capital improvements include updated hvac, plumbing and electrical systems, framing and insulation, spray foam insulation, separate hydro metering, roof and windows, on-site parking, a new garden suite, new walk-in cooler and water-powered metal fire escape, plus numerous additional upgrades. Potential financing opportunity: positioned for a potential $2m cmhc take-out under 100-point mli select, incorporating affordability and energy-efficiency considerations, with an estimated 9. 6% cash-on-cash return, including the applicable default insurance premium. Strategically located near major transit, established amenities, employment centres and significant ongoing redevelopment, the property is well positioned to benefit from hamilton's continued urban intensification and growth. D1 zoning provides flexibility and additional future opportunity. With diversified income, extensive improvements, an attractive cap rate and potential cmhc financing strategy, 45 wellington street n offers investors a compelling opportunity for current cash flow and long-term value creation. A distinctive hamilton investment property offering scale, income and significant future potential.
    Listing IDX13787708
    Address45 Wellington Street
    CityHamilton, Ontario
    Price$2,500,000
    StyleInvestment
    Land Size1937
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Public TransitBasement 1Heating / Cooling Electric Forced AirSewer Sanitary+Storm

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    Listing Brokerage: REVEL REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    45 Wellington Street
    Hamilton , Ontario
    $2,500,000
    Get more info